The transaction will require approval from regulators.Įarlier this week described the possibility that Deifik was seeking a buyer and that the Ocean Resort Casino was experiencing financial difficulty. While Deifik did not identify the buyer, the new owner is investing $70 million in the property which will stay open during the transition. However this week came news that one of the two new properties, the Ocean Resort Casino (located at the site formerly occupied by the Revel Casino Hotel that closed in 2014), is changing ownership once again as new owner Bruce Deifik has found a buyer who will be taking over majority ownership of the property, the Associated Press reports. The added revenue brought by both properties helped fuel an overall increase in gaming revenue in Atlantic City for the year. Two casinos opened the famed Atlantic City Boardwalk last summer, with the Hard Rock Atlantic City and Ocean Resort Casino both opening their doors on the same day at the end of June. Open Six Months, Ocean Resort Casino to Change Ownership This week's Inside Gaming starts with the news that an Atlantic City casino will be changing ownership just six months after opening, tells of a British Airways ad sparking debates about portrayals of gambling in the media, and notes how this year's Super Bowl broadcast won't be featuring sports betting talk.
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